About Indiabulls Ultra Short Term Direct Fund-Growth
Indiabulls Ultra Short Term Direct Fund-Growth is a Debt
mutual fund scheme from Indiabulls Mutual Fund
. This scheme was launched on 01 Jan 2013 and is currently managed by its fund managers Malay Shah
, Vikrant Mehta
and Sourabh Sharma
. It has an AUM of ₹46.27 Crores and the latest NAV decalared is ₹1948.000 as on 17 Oct 2019 at 11:35 pm.
Indiabulls Ultra Short Term Direct Fund-Growth scheme return performance in last 1 year is 8.48%, in last 3 years is 25.62% and 76.98% since scheme launch. The min. SIP amount to invest in this scheme is ₹500.
About Fund Category
Ultra Short Duration Funds maintain a portfolio of debt and money market instruments wherein the portfolio has a Macaulay duration of around 3 to 6 months. Among the duration funds, these funds are relatively less affected by the movement of overall interest rates. These funds may be suitable to earn regular income with high liquidity.